Meanwhile, the National Association of Insurance Commissioners has scheduled a hearing in Washington this month to discuss the transactions
Despite the protests of life insurance agents and broker-dealers, the Securities and Exchange Commission should decide in favor of a uniform fiduciary standard for all investment professionals, according to the new head of the North American Securities Administrators Association Inc.
Laby says provision must be scrapped if SEC wants to mandate single standard of care: 'It's got to go'
You have to feel sorry about The Hartford's latest problems.
From giants such as Citigroup Inc. to small broker-dealers such as Pacific West Securities Inc., brokerage firms have kept their representatives in the dark about problematic details in investments.
Berkshire Hathaway Inc. had sold insurance requiring the Omaha-based company to pay $30 million to a client if France won the tournament.
These companies look like potential takeover targets. They're also good bets even if they aren't acquired.
Vanguard founder claims Hennessy's funds underperform, in part, due to excessive fees; 'short-term speculators'
UBS AG will open a new wealth management office in New York and boost staff as the biggest Swiss bank seeks to expand its market share among individual investors in the largest U.S. cities, according to a memo sent to employees today.
Broker-dealers and financial advisers are taking action against The Hartford Financial Services Group Inc. in response to a letter the firm sent to their clients that entices them to swap their variable annuities for a replacement — one that advisers say actually strips away generous guarantees.
Not sure why individual investors are abandoning the stock market? The latest earnings season should clue you in.
Artio's Keith Walters says a reduction in manpower has lifted the productivity and earnings of U.S. businesses
Don't look now, but these hammered industries may be headed for a rebound, according to the the famed value investor
After last week's media frenzy, it is hard to blame investors for not coming down with a case of gold fever.
Billionaire Warren Buffett, chairman of Berkshire Hathaway Inc., said the company's management is “well-equipped” for when he and Vice Chairman Charlie Munger step down.
In his Aug. 9 letter to the editor, “Rally the troops to help middle-income people,” Kevin Condon, executive vice president of adviser services at Myfinancialadvice Inc., did a wonderful job of illuminating the important issue of providing financial planning advice to middle-income people.
As lucky as my wife is to have me — and she will admit it if pressed — she also will admit (often when not pressed) that I can be a trial.
The U.S. economy stands a 31% chance of double-dipping into recession in the next year.
U.S. stocks fell, with the Standard & Poor's 500 Index heading for a second weekly decline, after a drop in commodities dragged energy and metal producers lower and as concerns continued that the economic rebound may be flagging.
DoubleLine Capital CEO says that investors can expect a 'radical policy shock' from Washington that will zap the economy and push growth back into negative territory.
